HUD rules are changing for INVESTORS

I am a HUD listing broker and I just received a memo from one of my HUD asset managers.  HUD is making a huge change in its bidding policy that will greatly affect investors wanting to bid on HUD homes.  My blog is primarily about investing in long-term rental properties and investors need to pay attention.  I detail how investors can bid on and purchase HUD homes in my investors guide to purchasing HUD homes.


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New Hidden Tax In ObamaCare Targets Home Sellers

Does this affect you?

Luxury real estate broker Ron Aioso says there is a tax that is rarely discussed that also helps fund Obamacare. It is a tax on high-income taxpayers when they sell their homes.

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Sadly a lot of Homeowners are going to hear this soon.

Over the life of the government’s Home Affordable Modification Program (HAMP), 1.25 million homeowners have received permanent HAMP modifications, and so far 27 percent of those have later re-defaulted on their loans, according to a quarterly report to Congress from the Office of the Special Inspector General for the Troubled Asset Relief Program (SIGTARP).

In its report released to lawmakers last week, SIGTARP berated Treasury for not heeding the office’s previous recommendations regarding HAMP, stressing that the inspector general expressed concern in April that “the number of homeowners who have re-defaulted on HAMP permanent mortgage modifications is increasing at an alarming rate.”

About 184,000 homeowners (29 percent) who received HAMP modifications through TARP rather than through the GSEs have re-defaulted, costing taxpayers $972 million in incentives paid to servicers and investors for those workouts, according to SIGTARP. Among borrowers participating in the GSEs’ HAMP programs, just under 154,000 (26 percent) have re-defaulted (HAMP incentives on GSE loans are paid by the GSEs themselves). Additionally, about 10 percent of all active permanent HAMP modifications were one or two months delinquent as of the end of August.

“The longer a homeowner remains in HAMP, the more likely he or she is to re-default out of the program,”SIGTARP stated. The re-default rate among the oldest HAMP modifications is 48.3 percent, according to SIGTARP’s report.

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Real Estate Scam Of The Year

It would be bad enough to lose your home to foreclosure, but imagine how much worse it would be to be evicted from your home by someone who had no right to remove you and then watch as they rented out your property to someone else. A California man successfully executed a similar scheme for several years in Orange County, California, where he filed fake deeds that appeared to turn over properties to a business that he ran when, in reality, he did not even own the homes. Read the whole story: Click Here!

Creative Ways To Sell Your Home!

For Traditional and Creative Selling Strategies [including Short Sales, Wraps, Mortgage Payment Assignment, Lease/Optioning, and more...

Welcome to our new Real Estate Investing Blog

Welcome...if you're Looking to Sell Your Property , you've come to the right place! We represent a network of literally thousands of real estate investors and a handful of very specially trained Realtors that focus on "non-traditional" or "creative" real estate solutions ". If you are like most sellers, you want to explore how to sell your property fast and hassle free. We can help! That’s what we do... We Buy Properties Fast... regardless of condition, equity, or situation. We’ve handled just about every situation you can imagine. We buy with cash. We even have many creative solutions available. We are experts. For example, did you know there are at least a 12 Different Ways to Sell Your Property that Realtors won’t tell you about? Checkout our We Can Buy Cash Website!